Paramount's Fast-Track Bid Against Warner Bros. Discovery Rejected by Judge

• Delaware Chancery Court Judge Morgan Zurn denied Paramount Skydance Corp.'s request to fast-track its lawsuit against Warner Bros. Discovery Inc.
• Paramount accused Warner Bros. directors of misleading investors regarding a $82.7 billion buyout bid from Netflix Inc.
• The judge ruled that Paramount failed to demonstrate 'irreparable harm' from the alleged disclosure deficiencies, as a stockholder cannot be directly harmed by a lack of disclosures for its own tender offer.
• Paramount's lawsuit aimed to compel more details about the Netflix deal, intensifying the bidding war between Paramount and Netflix for Warner Bros.
• Warner Bros. has rejected Paramount's $30 per share all-cash offer, favoring Netflix's $27.75 stock-and-cash bid as superior.

Why It Matters: Judge rejects Paramount's bid to fast-track lawsuit against Warner Bros. Discovery over Netflix deal disclosures.